Turk Traktor ve Ziraat Makineleri AS (Turk Traktor ve Ziraat Makineleri AS) Research & Development : $17 Mil (TTM As of Dec. 2023)

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What is Turk Traktor ve Ziraat Makineleri AS Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Turk Traktor ve Ziraat Makineleri AS's Research & Development for the three months ended in Dec. 2023 was $13 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was $17 Mil.

Turk Traktor ve Ziraat Makineleri AS Research & Development Historical Data

The historical data trend for Turk Traktor ve Ziraat Makineleri AS's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Turk Traktor ve Ziraat Makineleri AS Research & Development Chart

Turk Traktor ve Ziraat Makineleri AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Research & Development

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0.05

5.12

0.45

16.77

15.96

Turk Traktor ve Ziraat Makineleri AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Research & Development	Get a 7-Day Free Trial															14.10	1.66	1.30	1.23	12.67

Turk Traktor ve Ziraat Makineleri AS Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $17 Mil.

Turk Traktor ve Ziraat Makineleri AS (OTCPK:TTRKF) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Turk Traktor ve Ziraat Makineleri AS Research & Development Related Terms

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Turk Traktor ve Ziraat Makineleri AS (Turk Traktor ve Ziraat Makineleri AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Turk Traktor ve Ziraat Makineleri AS (OTCPK:TTRKF) » Definitions » Research & Development

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TTRAK:Turkey

Address

Gazi Mahallesi Anadolu Boulevard No: 52 - 52A, Yenimahalle, Ankara, TUR, 06560

Website

http://www.turktraktor.com.tr

Turk Traktor ve Ziraat Makineleri AS is one of the largest tractor manufacturers in Turkey. It sells tractors, combine harvesters, planters, cotton pickers, and other agricultural machinery and equipment. The company's worldwide sales and marketing network generates recurring aftermarket sales and showcases new features in product development. Plants are equipped with gear and heat treatment facilities, specialized machines, engine manufacturing facilities, paint shops, and assembly lines. The company also operates quality control labs, testing equipment, and incorporates research and development to design and produce innovative solutions. Most parts and components are manufactured internally, but the company may use third parties to meet international quality standards.

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